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Northeast Indiana Lakes-LaGrange County Lakes-Lake Market Report-March 2011

Karen Frederick Northeast Indiana Lakes: Real Estate Agent in Wolcottville, IN

LaGrange County Lake Property Sales This Month
There were 3 lake property sales this month ranging from a property with deeded access on a lake with access to a ski lake that sold for $49,900 to a channel front home on a ski lake that sold for $220,000. The median sold price this month was 135,000 and average sold price in LaGrange County for lake properties this month was $134,966.

LaGrange County Year to Date Lake Property Sales as of March 2011
So far this year there have been 8 lake property sales. The median sold price in LaGrange County for lake properties so far this year is $152,500 and the average sold price is $151,237.

LaGrange County Lake Properties Historical Comparison

Year to Date-End of March 2011

Year-Number of Lake Sales-Median Sold Price-Average Sold Price

2010 10 sales-median sold price of $117,000 and average sold price of $146,162.
2009 3 sales-median sold price of $185,000 and average sold price of $171,000.
2008 5 sales-median sold price of $118,000 and average sold price of $195,080.
2007 14 sales-median sold price of $155,000 and average sold price of $167,576.
2006 14 sales with a median sold price of $109,750 and an average sold price of $125,021.

LaGrange County Lake Properties For Sale
There are currently 129 lake properties for sale with a median price of $175,000 and an average price of $199,926. The prices range from $29,900 for a channel front lake place on a non ski lake to $599,900 for a lakefront place on a ski lake.

These statistics include residential properties: cottages, homes, condos, manufactured homes, modulars, villas, townhouses, and park models. They also include properties with varying degrees of lake rights or access: lake front, channel front, association, recorded easement, frontage lot, bay front or deeded pier. They are based on information from the NEIAOR (Northeastern Indiana Association of Realtors) MLS (Multiple Listing Service) for the period of January 1st 2006 to March 31st 2011. Property sales that were not listed in the local MLS are not included.

LaGrange County and Noble County Residential Market Report for March 2011-Northeast Indiana

Karen Frederick Northeast Indiana Lakes: Real Estate Agent in Wolcottville, IN

LaGrange and Noble Counties Combined

Market and Sales Data Year to Date- End of March 2011

All Residential 2010 2011 Change

Avg Sales Price YTD 92,718 98,945 +6.7%

Homes Sold YTD 86 98 +14.0%

Avg Days on Market 208 183 -12%

There are 551 homes listed for sale and at the average sold per month so far, it will take 12.5 months to sell them all (months of supply). Homes sold for 91.1% of the price they were listed at prior to sale.

Year to Date-End of March 2011 Lake Properties

Lake Properties 2010 2011 Change

Avg Sales Price YTD 152,575 146,453 -4.0%

Homes Sold YTD 16 14 -12.5%

Avg Days on Market 314 313 -0.3%

There are 205 homes listed for sale and at the average sold per month, it will take 34.2 months to sell them all (months of supply) Homes sold for 87.3% of the price they were listed at prior to sale.

*These figures are based on data supplied by the Northeastern Indiana Association of REALTORS® Multiple Listing Service for the period starting 01/01/2010 to 03/31/2011.

LaGrange County Indiana Lakes-Market Report-December 2010-Wolcottville, LaGrange, Howe, Shipshewana

Karen Frederick Northeast Indiana Lakes: Real Estate Agent in Wolcottville, IN

LaGrange County Lake Property Sales This Month- December 2010
There were 5 lake property sales this month ranging from a lake front property on a ski lake that sold for $440,000 to a home with association access on a non ski lake that sold for $49,900. The median sold price in LaGrange County for lake properties this month was $148,000. The average sold price was $158,755.

LaGrange County Lake Property Sales 2010
This year there were 71 lake property sales. The median sold price in LaGrange County for lake properties this year was $148,000. The average sold price was $158,755. 6 of these properties were REO's or Foreclosures. 2 were short sales.

LaGrange County Lake Properties Historical ComparisonYear-Number of Lake Sales-Median Sold Price-Average Sold Price

2010 71 sales with a median sold price of $148,000 and an average sold price of $158,755
2009 67 sales with a median sold price of $146,500 and an average sold price of $162,192
2008 47 sales with a median sold price of $130,000 and an average sold price of $161,426
2007 69 sales with a median sold price of $158,900 and an average sold price of $176,399
2006 81 sales with a median sold price of $139,900 and an average sold price of $163,885

LaGrange County Lake Properties For Sale
There are currently 108 lake properties for sale with a median price of $169,900. The prices range from $24,000 to $525,000 and an average price of $191,426.

These statistics include residential properties: cottages, homes, condos, manufactured homes, modulars, villas, townhouses, and park models. They also include properties with varying degrees of lake rights or access: lake front, channel front, association, recorded easement, frontage lot, bay front or deeded pier. They are based on information from the NEIAOR (Northeastern Indiana Association of Realtors) MLS (Multiple Listing Service) for the period of January 1st 2006 to January 14th, 2011. Property sales that were not listed in the local MLS are not included.

LaGrange County Indiana Lakes-Market Report-November 2010-Wolcottville, LaGrange, Howe, Shipshewana

Karen Frederick Northeast Indiana Lakes: Real Estate Agent in Wolcottville, IN

LaGrange County Lake Property Sales This Month
There were 6 lake property sales this month ranging from a lake front property on a ski lake that sold for $235,000 to a lakefront home on a non ski lake that sold for $68,000. The median sold price in LaGrange County for lake properties this month was $145,000.

LaGrange County Year to Date Lake Property Sales as of November 30th, 2010
So far this year there have been 64 lake property sales. The median sold price in LaGrange County for lake properties so far this year is $145,400..

LaGrange County Lake Properties Historical Comparison

Year to Date as of November 30th

2010 64 sales median sold price of $145,400 average sold price of $156,152

2009 62 sales median sold price of $149,000 average sold price of $164,984


2008 45 sales median sold price of $130,000 average sold price of $161,625


2007 68 sales median sold price of $156,950 average sold price of $176,611


2006 77 sales median sold price of $136,900 average sold price of $160,711

LaGrange County Lake Properties For Sale
There are currently 106 lake properties for sale with a median price of $165,000. The prices range from $32,500 to $525,000.

More LaGrange County Lake Market Statistics

These statistics include residential properties: cottages, homes, condos, manufactured homes, modulars, villas, townhouses, and park models. They also include properties with varying degrees of lake rights or access: lake front, channel front, association, recorded easement, frontage lot, bay front or deeded pier. They are based on information from the NEIAOR (Northeastern Indiana Association of Realtors) MLS (Multiple Listing Service) for the period of January 1st 2006 to November 30th 2010. Property sales that were not listed in the local MLS are not included.

LaGrange County and Noble County Housing Market Statistics for October 2010

Karen Frederick Northeast Indiana Lakes: Real Estate Agent in Wolcottville, IN

LaGrange and Noble Counties Combined

We are located in LaGrange County just two blocks from Noble County in Northeast Indiana. Our rural location means we have a relatively small number of transactions in each county. This means a single say can have a dramatic influence on the results. The data for the two counties is similar so it is combined to give more accurate data.

Market and Sales Data Year to Date- End of October 2010

All Residential 2009 2010 Change

Avg Sales Price YTD 9,041 103,469 +5.5%

Homes Sold YTD 335 393 +17.3%

Avg Days on Market 171 172 +.6%

There are 612 homes listed for sale and at the average sold per month so far, it will take 17 months to sell them all (months of supply). Homes sold for 91.8% of the price they were listed at prior to sale.

Year to Date-End of October 2010 Lake Properties

Lake Properties 2009 2010 Change

Avg Sales Price YTD 163,283 153,716 -5.9%

Homes Sold YTD 82 93 +13.4%

Avg Days on Market 178 197 +10.7%

There are 222 homes listed for sale and at the average sold per month so far, it will take 15.9 months to sell them all (months of supply). Note: that is a 8 month reduction from last month which is NOT because of sales. It is a seasonal reduction in inventory. Many sellers will take their places off the market when they close them up for the season. Homes sold for 90.8% of the price they were listed at prior to sale.

More LaGrange County and Noble County housing statistics and historical data is available at www.KarenCanHelpYouHome.com.

Source of the data is Northeastern Indiana Association of Realtors MLS from January 1 2009 to October 31st 2010.